The pair rose sharply during the last two sessions of last week, we find the pair trading now above 0.9375 and 0.9385 levels. Stability above these levels might extend the bullish move towards 50% correction shown on the graph, which by breaching it the pair might reach 61.8% correction at 0.9610 levels.
The trading range for this week is among key support at 0.9270 and key resistance at 0.9515.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.